Tuesday, August 25, 2015

Tech Founders Share Plans for Surviving the Bubble Burst | Re/code

Slack CEO Stewart Butterfield accentuates the positive

"We’re in the fortunate position where we have healthy unit economics, high growth, low burn (and revenues growing faster than expenses), a product that customers would be very reluctant to give up and a huge pile of cash (at our current burn rate, it would take a couple of decades to run out).

On the other hand, in a big correction nearly everything would get easier for us: Less competition on the hiring side, cheaper real estate, lower advertising rates, acquisitions would become affordable and so on. It’s possible our organic growth would slow, but the advantages would outweigh the drawbacks in any scenario short of breadlines in Manhattan."